By Marisa Wong
Morgantown, W.Va., April 20 – Citigroup Global Markets Holdings Inc. priced $1.25 million of 0% buffer securities due April 7, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.05 times any fund gain. Investors will receive par if the fund falls by up to 30% and will lose 1% for every 1% that the fund declines beyond the 30% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $1,248,000
|
| Maturity: | April 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any fund gain; par if the fund falls by up to 30%; 1% loss for every 1% decline beyond 30% buffer
|
| Initial price: | $69.68
|
| Pricing date: | March 29
|
| Settlement date: | April 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17324CTK2
|
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